Hi @Karina Torres are you asking about your credit vs. your income, about mentors, or both? 

Inspirational every time.If you haven't already, I would recommend that you start talking to lenders (banks, mortgage brokers, credit unions, etc.)

Thank you for the reply, and just to answer your questions: "...when you say rental income - do you mean living in the house while you do renovations and house hacking" - I will be living in the home and trying to rent out the other two rooms after major renovations are finished.

Here is what I believe will avoid you having an issue with the vast majority of sellers regarding the earnest money deposit amount regardless of the amount $1.00 or $1,000 dollars. 

This is my first real estate property, but it's older and the loan amount is small (less than $200k), so the banks and credit unions I shopped around at are asking for higher interest rates.

Did every major component and appliance get replaced during the latest renovation? 

Wife and I are getting ready to make first major purchase and I wanted to share something that happened.After many months, I finally convinced my wife that the road to success will require us to downsize from our nice $250,000 single-family home in North Central San Antonio into something more modest, like preferably a live-in duplex or four-plex.

If the partnership is throwing off ECI, it may be beneficial for the NRAs to invest in the LLC through another LLC taxed as a C Corp.US tax treaties with the UK and Ireland would need to be examined.Creating disregarded SMLLCs for the NRAs might create issues with lost tax credits due to the disparity in treatment between countries. 

We now have 15 properties, i went to a different model now having contractors do the majority or rehabs and i have handymen,plumber,electrician and hvac guy i can call when i need them.

We purchased the building for 1.1 million, and we were able to negotiate a $30,000 credit.